The likelihood of an event is "more than remote" when it is "reasonably possible."
Answer the following statement true (T) or false (F)
False
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What is an individual whose job is to drive creativity and innovation within an organization called?
A. enterpriser B. intrapreneur C. entrepreneur D. creative director
Funds borrowed on a life insurance policy are shown on the balance sheet as
A) a current liability. B) a noncurrent liability. C) an offset to the value of the stock. D) an offset to net worth.
A constituent part is referred to as a?
a. Child item b. Sibling item c. Parent item d. Cousin item
A risk manager was asked to review all the loss exposures his company faces. The risk manager noted that the company obtained over 90 percent of its raw materials from one supplier
He voiced concern about business interruption if that supplier was closed for some reason. Acting on his recommendation, the company began to purchase raw materials from two other suppliers. Using multiple suppliers illustrates which risk control technique? A) risk avoidance B) duplication C) separation D) diversification